Canada and Israel sign Double Taxation Agreement


Israel’s Finance Minister Moshe Kahlon and Canada’s Foreign Miniser Stephane Dion signing the Double Taxation Agreement at the sidelines of the UN General Assembly meeting in New York on September 21, 2016. Photo: Global Affairs Canada

On September 21, 2016 Canada’s Foreign Minister, Mr. Stéphane Dion and Israel’s Minister of the Economy, Mr. Moshe Kahlon, attended a ceremony for the signing of the Canada-Israel Double Taxation Agreement in New York, to facilitate bilateral trade and investment.

The new treaty will set low tax withholding rates and encourage investments in Israel by Canadian residents and investments in Canada by Israeli residents. In addition, the treaty will solve problems of dual taxation that were not resolved in the previous treaty.

According to the Embassy of Canada to Israel, Israel is an important economic partner for Canada in the Middle East and North Africa region, with a full range of business possibilities including trade, investment, science & technology and innovation.

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2016-09-26T09:09:02+00:00September 26th, 2016|Investment|0 Comments